Cashback or Reward Points
Alliance Bank Visa Infinite Business Credit Card allows you to make choices on whether to earn cashback or reward points. Every Ringgit you spend on retail purchases is worthy with both options.
If you are in favour of cashback benefit, you can earn 0.2% cashback for purchases of up to RM10000. Yes, there's no minimum purchase required. If you spend between RM10001 and RM200000, you can enjoy 0.5% cashback, meanwhile, the cashback is 0.8% for the spending between RM200001 to RM300000. If you spend more than that, you can earn the highest cashback rate of 1.5%. However, the maximum cashback is capped at retail purchases of RM650000 per month. That simply means the maximum monthly cap is RM9750.
On the other hand, you can opt for Timeless Bonus Points (TBP) with no expiry date. For every Ringgit you spend on retail purchases locally, you can earn 1x Timeless Bonus Point. Besides that, you can earn double TBP for your retail purchases at overseas. Bear in mind that petrol and government-related expenses will not be rewarded with Timeless Bonus Points.
0% Interest Instalment
For your overseas business spending, you can opt to repay with zero interest with 0% Alliance Bank Business Credit Card FlexiPay Plan, provided that you are able to settle the outstanding dues in 3 months. The minimum spending required is RM500.
If you would like to pick longer repayment periods, you can opt for a 6-month repayment plan with the one-time upfront handling fee of 2.5%. Besides that, you can stretch your business spending repayment to 12 months with the one-time interest rate of 5.5% on the FlexiPay amount. The minimum purchase amount is RM500.
The one-time upfront interest rate will be charged on the first instalment month. Despite the FlexiPay Plan's low interest rate, it's better to make the repayment on time. Otherwise, Alliance Bank will charge you 18%p.a. on the outstanding monthly instalment or the entire amount, depending on the decision from Alliance Bank.
You can apply for the Alliance Bank Visa Infinite Business Credit Card with 2 options - personal or business liability. If you choose to bundle the credit card with personal liability, the minimum annual income is RM150000 and you're required to operate your business for at least 2 years. For business liability, on the other hand, the minimum annual turnover is higher at RM500000 with minimum 3 years' business operation.
The Personal Liability Visa Infinite Business Credit Card gives you the minimum credit limit of RM30000 for up to RM300000. Meanwhile, the credit limit falls between RM25000 and RM500000 for the credit card with company liability.
Last but not least, the credit limit is subjected to credit evaluation and your repayment capacity.